Canada's main stock index rose on Friday, helped by a sharp jump in auto parts maker Linamar Corp (LNR.TO) after it announced plans to buy an agricultural equipment maker, while financial stocks and base metal miners also gained.

The Toronto Stock Exchange's S&P/TSX composite index ended up 25.52 points, or 0.16 per cent, at 16,041.98. It lost 0.3 per cent over the course of the week after hitting an all-time high on Wednesday.

Seven of the index's 10 main sectors finished in positive territory, although decliners slightly outnumbered gainers overall.

Linamar surged 11.5 per cent to $72.50 after saying after the bell on Thursday it had agreed to buy privately held MacDon Group of Cos for $1.2 billion.

The materials group, which includes precious and base metals miners and fertilizer companies, added 0.6 per cent, with First Quantum Minerals Ltd (FM.TO) up 4.6 per cent at $17.12 and Teck Resources Ltd (TECKb.TO) adding 2.7 per cent to $30.67.

The energy group retreated 1.0 per cent, with Encana Corp (ECA.TO) down 3.7 per cent at $14.27 and Cenovus Energy Inc (CVE.TO) off 3.6 per cent at $10.86.

Industrials rose 0.5 per cent while the financials group gained 0.2 per cent as insurer Manulife Financial Corp (MFC.TO) rose 1.2 per cent to $26.70 and Royal Bank of Canada (RY.TO) added 0.5 per cent to $101.92.